UPDATE 1-Federal-Mogul posts Q4 net loss on $304 mln charge

Newswire

Feb 28 (Reuters) - Federal-Mogul Corp, the auto parts supplier controlled by Carl Icahn, reported a fourth-quarter net loss after a $304 million impairment charge stemming from a drop in the value of some of its product lines. Federal-Mogul said the increase in value of its other reporting units, including its Powertrain division, would "largely offset" the impairment charge. The company reported a net loss of $239 million, or $2.42 per share, compared with net income of $45 million or 45 ...

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